$157,500
16.50 Acres
Land
Stephanie Ross, Listing Office: Pembrook Realty Group
Is Chelsea, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Chelsea has remained a Seller's Market.
Key Takeaway
Chelsea is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chelsea, OK
How much do homes in Chelsea, OK cost?
Median Sold Price
$198,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,500(+13.5%)
Key Takeaway
Homes in Chelsea have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Chelsea was $198,000 in October 2024, up 13.5% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $84.8K | $109K | +28.5% |
| 2 Bedrooms | $99.5K | $135K | +35.7% |
| 3 Bedrooms | $184K | $178K | -3.3% |
| 4 Bedrooms | $185K | $335K | +81.1% |
| 5+ Bedrooms | $695K | $417K | -40.0% |
Summary: Chelsea housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.5%, 2 bedroom homes increased by 35.7%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 81.1%, and 5+ bedroom homes decreased by 40%.
Housing Supply in Chelsea, OK
How many homes are available in Chelsea, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Summary: The Chelsea real estate market had 15 homes for sale in October 2024, a 15.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Chelsea housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chelsea, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Chelsea in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Chelsea, OK
How long does it take to sell a home in Chelsea, OK?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 53 Days | +10.5% |
Summary: Homes in Chelsea had an average of 53 days on market in Oct 2024, up by 10.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Chelsea are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Chelsea; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
